is intrest too high?

A friend of mines mother generated $20k in dept from Ontario Works from working; However she is on disability and hasnt worked in over 10 years she
was a hair dresser and her husband gets bombed for the money if he trys to work they force him to give them 55% of the paycheque this is rediculus, I
know alot of people who just because they got money from OW and it had intrest or a loan from a bank for a car or house that you think you can pay off
in 20 years but because of intrest it ends up being 40 like my Great-Grandmother. Anyone else have any imput?

Is she forced to pay off the money she received from social services because she was working while receiving it? If so, I can sort of understand why,
but i doubt it, since you said she is disabled and unable to work. Since when do you pay back welfare money?? I never really heard of anyone being in
that situation before, that's weird.

She woked for a while as a hair dresser and had to go on disability, that wasnt paying off enough for her, her husband and her son so she applied for
OW in the middle of that something happened and she owes OW 20K for false acceptance of the cheques when she was on Disability im thinking that they
got the two cheques mixed up or they thought she was still workign while collecting disability. But its more of a intrest thing, She sill has 10k owed
of it and shes payed 12k already, 2 grand intrest in the past 10 years is a little drastic.

Plus in ontario you cant have OW and be working at the same time anda OW pays more than if his dad were to work because of the 55% being taken off
thats like working 2 weeks and being payed for 1... over 1/2 your paycheque is BS.

She woked for a while as a hair dresser and had to go on disability, that wasnt paying off enough for her, her husband and her son so she applied for
OW in the middle of that something happened and she owes OW 20K for false acceptance of the cheques when she was on Disability im thinking that they
got the two cheques mixed up or they thought she was still workign while collecting disability. But its more of a intrest thing, She sill has 10k owed
of it and shes payed 12k already, 2 grand intrest in the past 10 years is a little drastic.

Use a loan calculator and figure it ouit. $2K in 10 years and you think that is HIGH???? That is incredibly low. I would guess the interest rate over
the entire loan is less than 3%. You don't give the exact figures, so I did a quick calculation on what I know out of your post. A $20,000 loan over
20 years gives you a monthly payment of $110.92, and at an annual interest rate of 3% the total paid out would be $26,620, or a little over $6,000 in
interest over the life of the loan.

If you have the exact figures you could do the math on a loan calculator like
this one. Of course, the exact terms must be on the paperowrk, which you could also verify.

In terms of the loan itself, there's nothing criminal here at all. There may be something in the rest of the story, of course.

My point is that they are having to pay an exta Ammount when they barely have the money to hand out, They get $1000 in total every month, $750 for
rent, + the $125 for the paying back thats $75 for food for 3 people over a month...i now realise i posted the name of this post wrong it should have
been "is intrest BS?"

I thought you can be on social assistance and work at the same time provided the income you're generating is still low and are unable be financially
stable. She receives about 1,000 a month from disability checks that seems pretty low to survive on, and she would need extra assistance on top of
that for sure. As far as the interest goes on what she owes, I think it's BS. I find interest to be the most evilest thing brought to the business
world. the daily interest on my student loans is over 35 dollars a month. almost over a quarter of my monthly payments for it goes towards the
interest.

$15 an hour in Kingston is Chumpchange...Minimum wage witch is 75% of this stupid city is minimum wage or jobs at the colages or a Trade. Im saying
its BS that intrest should even be on things like OSAP And stuff.

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